This past year has tested everyone’s resilience, positivity, patience and productivity. Most have had to work differently – at home, balancing the kids, home cooking and virtual meetings. It is understandable that some people’s overall wellness may have suffered. Gyms…
According to the Insurance Bureau of Canada, catastrophic losses add up to around $2 billion every year, most of which is due to water damage. Shawn Little, Director of Technical Property and Catastrophe at Economical Insurance says that the…
Whether most people realize it or not, Artificial Intelligence (AI) is something we all come into contact with on a daily basis. One of the most cited examples is, of course, Netflix and its ability to serve up shows,…
A hard market. A pandemic. The fast pace of technology and consolidation. Remaining independent in today’s marketplace is a tough ask of brokers. Thankfully, there’s a way to keep your brokerage and level the playing field… More than ever,…
Emerging technologies and the COVID-19 pandemic have propelled the need for carriers to develop new ways of insuring the future of transportation. COVID-19, in particular, has highlighted how transportation and mobility patterns can change in an instant. For example, as…
The COVID-19 virus has had a tremendous global impact. Throughout the world we’ve witnessed international borders shutting down to visitors, businesses ceasing operations and a significant hit to the economy. Some businesses have managed to maintain operations through remote working…
In these times of social distancing and working from home, it’s become even more crucial to ensure strong cybersecurity measures are in place for you and your business. Working from home can pose its own challenges and takes adjusting to;…
Did you know that in the U.S., 130 of the top 150 insurance carriers use CARFAX vehicle history data to improve underwriting and boost claims efficiency? In fact, CARFAX vehicle history data has proven to be highly correlated with loss…
“On the eve of 9/11, the risk of a terrorist attack was probably the furthest thing from most people’s minds. If someone had told investors there was a 1-in-100 chance that a catastrophic terrorist attack would occur in any year…
As COVID-19 changes the world, brokers need carriers that will change along with it. For brokers, successful carriers during and beyond the global pandemic will be the ones excelling at the three ‘As’ — accessibility, agility and authority (underwriting). And…
It is widely acknowledged that the United States has a more litigious environment than Canada. However, the rise of recent jury awards in the United States, dubbed “nuclear verdicts”, will have a greater impact on Canadian companies that operate in…
Between the industry’s digital disruption and now the practicing of social distancing related to COVID-19, the processes of a catastrophe response, both field and desk adjusting, are undergoing significant changes. Newly adopted changes have been beneficial to the industry by…